Around six weeks ago, Sun Pharmaceutical Industries, India’s largest drugmaker, suffered a setback, which led to a selloff in the share. Photograph: Francis Mascarenhas/Reuters The US District Court of New Jersey granted Incyte’s request for a preliminary injunction against Sun
‘He will be remembered more for what he did as finance minister — as someone who functioned well when the political fallout was taken care of.’ IMAGE: Then prime minister Dr Manmohan Singh in Kolkata. Photograph: Rupak De Chowdhuri/Reuters The
Benchmark indices Sensex and Nifty ended flat in listless trading on Thursday amid a lack of near-term triggers and unabated foreign fund outflows. The 30-share BSE benchmark Sensex dipped 0.39 points to settle at 78,472.48 in a muted trade.
The depreciation of Indian rupee against the US dollar is expected to push the country’s import bill by about $15 billion, think tank GTRI said on Thursday. Compared to December last year, the Indian Rupee (INR) has depreciated 2.34 per
Exporters on Thursday sought a fund of Rs 750 crore for three years to tap USD 25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to
Dalal Street minnows stole the show in 2024, giving handsome returns to investors, helped by a largely optimistic trend in the stock market and impressive retail investors’ participation. Analysts attributed the positive trend in the equity markets, where the benchmark
The Federation of Indian Export Organisations (FIEO), the apex body for exporters, is formulating a strategy for five key sectors to boost exports to the United States (US), as President-elect Donald Trump has threatened to impose high tariffs on Chinese
Zomato on Monday became the first new-age company to join the prestigious 30-share benchmark Sensex, replacing JSW Steel. Photograph: Anushree Fadnavis/Reuters This milestone marks a significant achievement not only for Zomato but also for the Indian startup ecosystem, which is
Stock market participants would track global trends and foreign investors’ trading activity in a holiday-shortened week ahead, amid lack of any major domestic trigger in sight, analysts said. Equity markets will remain closed on Wednesday for Christmas. “Looking ahead, no
For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way IMAGE: The Mercedes-Benz Maybach S-Class. Photograph: Rajesh Alva/Rediff.com In 1954, when India was
